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The pervasiveness of neoliberalism

Google ChromeScreenSnapz001George Monbiot offers a lengthy dismantling of the neoliberal ideology, in Neoliberalism – the ideology at the root of all our problems. In the context of economics, it is important to recognise how the neoliberal agenda has infiltrated orthodox economics, such that the ‘logic’ of the market is seen as all but irrefutable (and, arguably, in orthodox economics this is why the core assumptions are ‘established’ as axioms that cannot be challenged or tested). For students on ECON2548, this is a worthwhile read and has a bearing on the discussion about the state of economics as a discipline that we have pursued within the module.


Posted in economics.

A globalised war

The ever widening warCurrently on Radio 4, Sir Christopher Clark’s series exploring WW1 offers some useful context for examining the global economy at the beginning of the 20th century (ECON2547 students will find this relevant).

Posted in economic history.

And the 2015 ‘Nobel’ prize for Economics goes to…

Angus Deaton – “best known for his work on health, wellbeing, and economic development” (Inman, 2015) – is this year’s recipient of the Sveriges Riksbank Prize in Economic Sciences. Deaton was not an outlier candidate for the prize (Reuters had identified him in previous years as a contender) but he does offer some degree of challenge to orthodox economic thought and as one interview suggests, he values heterodoxy. The NakedKeynesianism blog offers some commentary on Deaton’s position.

Posted in economics.